BlackRock Bitcoin ETF Posts Record $523 Million Daily Loss as BTC Price Slump Worsens

BlackRock's iShares Bitcoin Trust (IBIT) shed a single-day record of $523 million in investments on Tuesday, extending a five-day streak of outflows that has dovetailed with the decline of its underlying asset. The exchange-traded fund has hemorrhaged more than $1.4 billion in assets since last Thursday, according to UK asset manager Farside Investors, the highest total for any consecutive day stretch in its 22-month history. "IBIT had worst day of outflows ever yesterday... ugly stretch," Bloomberg Seni ...